Hi all
I have a previous house (now rental) that is quite underwater. I paid about 10k in repair costs this year for a new HVAC and the basement had to be excavated due to the plumbing collapsing under the house. Ye...

I'm trying to track down some real world numbers or estimates of Schedule K-1 statements beyond the high level handwaving on Investopedia and the like. I'm going to make a huge number of assumptions and I want to be ...

Hi Folks, My business partner and I now have 3 rental properties in both of our names. We have read on numerous occasions that the best thing to do is form an LLC together and transfer the properties into it to mitiga...

I have a tax question. My accountant of 12 years does not have any clients that flip houses, she has buy and hold but no flippers. Also her father was actually my accountant for 10 years and he passed, so she took ove...

Over the years, I was able to buy two properties in different states (Florida and Virginia) that I converted to rentals (the beauty of being in the military and VA loans).

Once I retired from the military, my inco...

irs rules for a 1031 exchange are the most convoluted in the entire tax code, IMHO. Nobody "exchanges" a property and a mortgage for another property and mortgage, its usually always sell and buy or buy and sell. The ...

With respect to real estate professional status, are there any limitations or traps for the unwary when electing to aggregate rental real estate activities into one activity pursuant to Code Sec. 469(c)(7)(A) and Reg....

I've made my career in raising private capital and deploying it unleveraged into C class rental properties and recently for the last 3 years into Mobile Home Parks.    Very conservative model that typically pays 12-15...

Can someone better help me understand how the Rental REal Estate Loss Allowance works?  I was surprised to find out I'm going to owe $3,800 in taxes this year.  I have just over $17,000 in losses from our rental prope...

I have buyers who are turning in keys to me on a property after 3 years into an installment sale, thus terminating the agreement. If I resale the house outright how will I be taxed on the gains. Can I claim long-ter...